It's hard to believe that it's been
nearly five years since the original Xbox 360 launched. The Xbox 360
hit the market a year ahead of the Nintendo
Wii and PlayStation
3 and continues to do quite well in the marketplace. Thanks to a
relatively healthy stable library of exclusive games and the
second-to-none Xbox Live gaming service, gamers keep coming back for
more despite years
of RROD issues.

However, the basic design of the
console has remained the same -- until now. Today at E3, Microsoft
unveiled a new look for the Xbox 360.

The new Xbox 360 is smaller, sleeker,
quieter and comes with an integrated 250GB hard drive (removable) and five USB ports (two in the front, three in the back). And yes folks,
it FINALLY has built-in Wi-Fi (802.11n). It will be priced at
$299 and will be in stores later this week.

According to Engadget,
the current Xbox 360 Elite will drop down to $249 while the Xbox 360 Arcade
will fall to $149.